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April 8, 2017

Crude Oil Futures Rise to One Month High on Friday After Syria Airstrike

Following a U.S. airstrike on Syria, crude oil futures ended at a one-month high on Friday, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, May West Texas Intermediate crude jumped 54 cents, or 1.04%, to settle at $52.24 a barrel. For the week, the U.S. benchmark rose 3.2%.

On the London ICE Futures Exchange, June Brent crude, the global benchmark, climbed 35 cents, or 0.6%, to close at $55.24 a barrel. For the week, Brent crude rose 3.2%.

Back on the New York Mercantile Exchange, May natural gas fell 7 cents, or 2.1%, to settle at $3.261 per million British thermal units. For the week, natural gas futures posted a gain of 2.2%.

 

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